Figure 3.1
-Refer to Figure 3.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, if the market quantity demanded is 15, the price must be

Question

Quizplus · Accepted Answer

To find the market quantity demanded of 15 compact discs, you add Molly's and Ryan's individual demands at various prices. The price at which their combined demand equals 15 discs is $6.

Figure 3.1 -Refer to Figure 3.1, Which Shows Molly's and Ryan's Individual